Description

Quebec City, PQ- Union Bank of Canada $5 Aug. 2, 1886 Ch. #
730-10-02P Back Proof
This institution began operations in 1865 with a provincial charter
under the title of Union Bank of Lower Canada. It received its
federal charter in 1886, changing its name to the Union Bank of
Canada and commencing its chartered bank note issue. The 1907 notes
were the last issued from its original location in Quebec City, as
the bank moved its head office to Winnipeg in 1912. The back proof
we are offering this evening does not match the design of the $5
pictured in the Charlton reference however, it does match the same
general design of the $20 used for this issue. According to
Charlton, the only known issued notes for this series are in
institutional collections. PMG Choice Uncirculated 64.